Disability Housing:
an emerging social infrastructure asset
The National Disability Insurance Scheme (“NDIS”), with committed funding of $22bn p.a. for 460k Australians, is a major Government reform of disability support in Australia that emerged from problems with the institutionalised, state-based, traditional disability models. The reform has created a customer focused and anti-cyclical social infrastructure asset class.
Specific challenges with existing disability accommodation such as insufficient supply, aging stock, or outdated care models, led the NDIS to allocate $700m p.a. for Specialist Disability Accommodation (“SDA”) to provide 28,000 Australians with very high support needs with access to appropriate housing.
There is an immediate need for additional SDA dwellings with an estimated shortfall of 11,500 – 23,500 places creating an estimated market size of $4bn - $8bn.
The provision of high quality and purpose-built accessible housing gives people with disabilities more choice and control, reducing the need to live in nursing homes, hospitals, institutions or with family members, often ageing parents.
Inspire Impact Disability Housing Funds
In December 2018, Inspire Impact partnered with a listed community care provider to acquire an established disability care service provider. The community care provider acquired the operating business, while Inspire Impact acquired the 9 underlying properties housing 60 Australians living with a disability, establishing the first Inspire Impact Disability Housing Fund. Inspire’s second Fund has 22 new purpose-built homes under construction and Inspire’s third Fund will deliver a further 60 new purpose-built homes. A fourth Disability Housing Fund will be launched soon.
Housing >300 Australians
living with a disability
living with a disability
8-10%
Targeted Yield
Targeted Yield
Inspire Impact Property Fund I
Closed
Under Management
We are working with our care provider partners to improve our residents’ living standards.
10 homes managed
Gross Asset Value ($M)
$11.5M
Location
VIC & ACT
No. Houses
10
No. Residents
66
No. Of Care Providers
2
Inspire Impact Property Fund II
Closed
Under Development
We want to see Australians with disabilities empowered through technology and community integration.
22 homes in development
Gross Asset Value ($M)
$24.5M
Location
VIC & QLD
No. Houses
22
No. Residents
66
No. Of Care Providers
2
Inspire Impact Property Fund III
Closed
Under Development
We are focusing on innovative design to deliver smart and sustainable Specialist Disability Housing.
Raising capital for 60 homes
Gross Asset Value ($M)
$60M
Location
SA, QLD & NSW
No. Houses
60
No. Residents
180
No. Of Care Providers
4
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